Monday, January 18, 2010
ExxonMobil bets on natural gas boom with largest merger agreement in years
ExxonMobil bets on natural gas boomwith largest merger agreement in years
Published: Jan 1, 2010
Purchase of XTO gives Exxon access reserves of nearly 45 trillion cubic feet of gas
In an effort to enhance its position in the development of unconventional natural gas and oil resources, the world's largest publicly traded oil company, Exxon Mobil Corp. has agreed to buy XTO Energy Inc. in an all stock transaction valued at $41 billion, including $10 billion of existing XTO debt.
Click here to continue to read
Published: Jan 1, 2010
Purchase of XTO gives Exxon access reserves of nearly 45 trillion cubic feet of gas
In an effort to enhance its position in the development of unconventional natural gas and oil resources, the world's largest publicly traded oil company, Exxon Mobil Corp. has agreed to buy XTO Energy Inc. in an all stock transaction valued at $41 billion, including $10 billion of existing XTO debt.
Click here to continue to read
Thursday, January 14, 2010
Marc Faber-2010 Outlook
Marc Faber discusses his forecast for 2010. He's expecting a meaningful correction in the S&P. Last year, US bonds did not do very well, (Bonds were in a bull market from 1982 until 2003). This trend will continue for several years to come.
Wednesday, January 13, 2010
Future Scenarios: Energy and Economy" - Chris Martenson Presentation
Excellent presentation on the concept of Energy Returned on Energy Invested. Click here to learn more
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